North Park Turnkey Investment
3362 Herman Ave, San Diego, CA 92104
Three-unit property in North Park with recent upgrades and income potential.
Type:Investment
- Added:
- Mar 25, 2026
- Days on Market:
- 55
- Last Refresh:
- Mar 24 at 6:17 am
Property Features for 3362 Herman Ave
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1928
Listing agent Lydell Fleming
Listing office
Listing date Mar 25, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Lydell Fleming
HighLights
- Rare 3‑unit turnkey investment property in the heart of North Park.
- $135,000 in recent comprehensive upgrades; property is 'plug‑and‑play' with zero deferred maintenance.
- High‑demand rental market with potential gross income of $101,700/year and a 4.8% pro‑forma cap rate.
- Ideal for 1031 exchange, portfolio building, or owner‑occupancy.
- Unbeatable location with a high walk score, steps away from breweries, dining, and the North Park Theatre.
- North Park values are up 12.2% year‑over‑year, making this a strong investment.
Overview
Located on Herman Ave in North Park, San Diego, this multi-family property features three individual units. The property has undergone recent upgrades totaling $135,000. Unit 1 is currently rented for $2,450 per month, and Unit 2 is rented for $3,200 per month. Unit 3 is currently available and has a projected rent of $2,825 per month. The property's total potential gross income is $101,700 per year. The property is located near craft breweries, dining options, the North Park Theatre, and a weekly Farmers Market. It also provides convenient access to Balboa Park and Downtown, as well as easy freeway access. This property is suited for 1031 exchange buyers, portfolio builders, or owner-occupants.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.1262675
- Latitude
- 32.7404365
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Three-unit property in North Park with recent upgrades and income potential.
Where is this multifamily property located?
The property is located at 3362 Herman Ave San Diego, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Rare 3‑unit turnkey investment property in the heart of North Park.; $135,000 in recent comprehensive upgrades; property is 'plug‑and‑play' with zero deferred maintenance.; High‑demand rental market with potential gross income of $101,700/year and a 4.8% pro‑forma cap rate.
